What will the interest rate for the consolidated loan be?

What will the interest rate for the consolidated loan be?
Your interest rate on your consolidation loan depends on when you took out your original student loans or parent loans and what the interest rate is on each loan.

The interest rate for your consolidated loan is calculated by averaging the interest rate of all the loans being consolidated and then rounding up to the next one-eighth of one percent. The maximum interest rate is 8.25 percent.

To figure your interest rate, visit loanconsolidation.ed.gov for an online calculator that will do the math for you.